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Economist: Ownership of the land to the investor dissipation of wealth

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Rocky


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Economist: Ownership of the land to the investor dissipation of wealth



11.19.2015

He stressed the economic expert on behalf of Jamil Antoine, Thursday, that the ownership of the land to the investor, and approved by the investment law, is to dispel the wealth of the state, and among the investment process in the public sector which were not economically feasible remember.
Said Antoine L / scales News /, "The investment law Aljdidalmadl No. 13 of 2006, gives broad powers to the head of the investment in the selection of members of the Commission, whether from public or private sector," pointing out that "the process of investment in the public sector were not as economically feasible Remember preferably However, private sector investment. "
He added that "the private sector has the flexibility to move economic and mental investment more and has a spirit of adventure and courage in entering the investment," noting A'ly that "investment requires bold action and speed decision-making and this is missing the state employees in the investment body."
He pointed out that "other point in the Investment Law is paragraph ownership of the land to the investor and this will make it controls the land and squandering the wealth of this country and the state and the process of becoming an investor controls the sale and selling prices."
The House of Representatives voted in the October 27, 2015, on the second amendment to the draft Investment Law No. 13 of 2006.
A source told / scales News / Earlier, the head of the government investment Sami Araji instructed to members of the committees of the economy, investment and financial Alniabaten put paragraph allows the foreign investor to own land in Iraq as part of the Second Amendment to the investment law and voted on by Parliament. / Ended 29 n / 10

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